On June 4, 2015, Dr. Richard H. Tullis notified the Chief Executive Officer of Aethlon Medical, Inc. of his resignation from its board of directors, effective June 5, 2015. Dr. Tullis will continue in his position as the company's Chief Science Officer. Dr. Tullis resigned from the board so that the board would be constituted of a majority of independent directors, consistent with the corporate governance standards of the NASDAQ Capital Market.